• Return to Headlines

Possible Bullish Inside Day Candle Pattern Detected for Motorola Solutio (NYSE:MSI)

By Shiri Gupta

SmarTrend's candlestick scanner has spotted a possible bullish inside day candle pattern in Motorola Solutio (NYSE:MSI) based on the price action in the company's shares. Yesterday's price range of $164.75 and $166.12 is within the prior day's high and low of the day. This trading action often signifies indecision by bulls and bears to drive prices higher or lower and often implies a possible change in trend. Traders and investors interested in shares of Motorola Solutio may want to consider an appropriate entry level in the event a reversal to the upside transpires. It is important to look for confirmation.

In the past 52 weeks, shares of Motorola Solutio have traded between a low of $108.25 and a high of $182.28 and closed yesterday at $165.31, which is 53% above that low price. The 200-day and 50-day moving averages have moved 0.66% higher and 0.54% higher over the past week, respectively.

Motorola Solutions, Inc. is a data communications and telecommunications equipment provider. The Company develops data capture, wireless, infrastructure, bar code scanning, two-way radios, and wireless broadband networks. Motorola also produces public safety and government products, voice and data communications products and systems, and wireless LAN securities.

Motorola Solutio (NYSE:MSI) defies analysts with a current price ($165.31) 26.9% above its average consensus price target of $120.85. The stock should find resistance at its 50-day moving average (MA) of $172.50, as well as support at its 200-day MA of $145.84.

SmarTrend is monitoring the recent change of momentum in Motorola Solutio. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Motorola Solutio in search of a potential trend change.

Keywords: bullish am inside day candle motorola solutio

Ticker(s): MSI